The notification permitted non-refundable withdrawal not exceeding the basic wages and dearness allowance for three months or up to 75 per cent of the amount standing to the credit of their EPF account, which ever is less

Coronavirus impact: During her press conference, the Finance Minister also announced that under the Ujjwala Yojana, women will be given free cylinders for the next three months

Coronavirus relief package: In order to support the poor amid coronavirus outbreak, Sitharaman announced a Rs 1.7 lakh crore Garib Kalyan Yojana

The government will pay the EPF (Employees' Provident Fund) contribution both of the employer and the employee (10 per cent each) for the next three months

Rs 50 lakh medical insurance cover per person will be given to frontline health workers, which would include sanitation staff, doctors, Asha workers, paramedics and nurse, says FM Sitharaman

Nirmala Sitharaman press conference updates: The Finance Minister is expected to announce a relief package to cushion the impact of coronavirus

Countries around the world have allocated $12.3 trillion so far to fight the COVID-19 epidemic

Coronavirus outbreak: EPFO has asked beneficiaries, employers and pensioners to avail its services online instead of coming to its offices

Catch top stories from the world of business and economy with BusinessToday.In's end of day report

The Labour Ministry's move to lower interest rate on employee provident fund (EPF) will affect the PF deposits of over 6 crore active subscribers

While the payment offer is yet to be rolled out, mutual funds and Freedom SIP will be offered under savings in Oppo Kash

The  decision making body of Employees' Provident Fund Organisation (EPFO) - Central Board of Trustees - is likely to consider the rate of interest on EPF deposits in its meeting scheduled on March 5, 2020

The issue would be taken up at the central board of trustees (CBT) meeting of the EPFO on March 5. The Finance Investment and Audit Committee (FIAC) would take the final call before the CBT meeting 

A Vadodara-based start-up, Sharedpro, is promoting a model where talent can be shared between two companies

Catch top stories from the world of business and economy with BusinessToday.In's end of day report

Labour Ministry has implemented EPFO's decision to restore pension commutation where if a subscriber withdraws pension in advance, they will still recieve their full pension after 15 years

For the month of November 2019, the  EPFO made a downward revision of 1.54 lakh jobs, which is the biggest revision made for any month in the current fiscal

Congress leaders Shashi Tharoor and Priyanka Gandhi Vadra attacked the Yogi government over the increased unemployment in UP.Average unemployment in India's most populous state UP rose to 9.95 per cent in 2019 from 5.91 per cent in 2018

In a written answer at the state assembly, UP's labour minister Swami Prasad Maurya said 33.93 lakh unemployed persons were registered as on February 7, 2020 with an online portal run by the labour department

Budget laid foundation to make India $5 trillion economy, says FM SitharamanUnion Finance Minister Nirmala Sitharaman on Sunday said the government has enlisted the various provisions in Union Budget 2020 to make India a $5 trillion economy. In the Budget, the Centre has laid the foundation of reviving consumption while ensuring that the government's investment is deployed to build infrastructure leading to a $ 5 trillion economy by 2024-25, Sitharaman said while interacting with ...